What is rights acquisition in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: rights acquisition

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: IPM: A rights acquisition contract or OR contract grants a rights holder or licensor creditor license fees and royalties outgoing royalties as a share of the license vendor revenues debtor for an IP right that is limited in terms of time and content.

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• Key Concepts: 
  Rights Acquisition is a component of SAP CRM-IM-IPM Intellectual Property Management. It is used to manage the acquisition of intellectual property rights, such as copyrights, trademarks, and patents. It allows users to track the progress of their rights acquisition process, from the initial request to the final approval. 
  
  How to use it: 
  Rights Acquisition can be used to create and manage requests for intellectual property rights. It allows users to track the progress of their requests, from the initial request to the final approval. It also provides users with an overview of their rights acquisition process, including the status of each request and any associated costs. 
  
  Tips & Tricks: 
  When using Rights Acquisition, it is important to keep track of all requests and their associated costs. This will help ensure that all requests are completed in a timely manner and that any associated costs are accounted for. Additionally, it is important to ensure that all requests are properly documented and that any changes or updates are tracked. 
  
  Related Information: 
  Rights Acquisition is part of SAP CRM-IM-IPM Intellectual Property Management. Other components of this suite include Rights Management, Rights Valuation, and Rights Protection. Additionally, SAP offers a range of other products and services related to intellectual property management, such as SAP Ariba IP Management and SAP Ariba IP Exchange.